Jim Cramer's Stop Trading! Hot Chipotle

05/02/07 - 02:54 PM EDT

TheStreet.com Staff

Chipotle (CMG Quote - Cramer on CMG - Stock Picks) remains a "fabulous story" even after Wednesday's 19% run-up, Jim Cramer said on CNBC's "Stop Trading!" segment.

Cramer also sang the praises of Buffalo Wild Wings (BWLD Quote - Cramer on BWLD - Stock Picks), up 15% Wednesday on strong earnings. Cramer said he believes the stock is "heavily overshorted" and going higher. He also stressed that Chipotle's outperformance has been so consistent that investors shouldn't "get off the galleon."

Cramer said a strong performance at Owens Corning (OC Quote - Cramer on OC - Stock Picks) is similar to good quarters from Masco (MAS Quote - Cramer on MAS - Stock Picks) and Centex (CTX Quote - Cramer on CTX - Stock Picks). He said their gains show there is still opportunity for exporters, even if the domestic economy is decelerating.

Retail, though, is "not so hot," Cramer said, excoriating poor showings at Liz Claiborne (LIZ Quote - Cramer on LIZ - Stock Picks) and Jones New York (JNY Quote - Cramer on JNY - Stock Picks).

At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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